September 2017 Austin Market Report

According to the latest numbers from the Austin Board of REALTORS®, the Austin area market saw slight decreases in homes sold while nearly everything else increased across the board. Most counties in Central Texas saw a decrease in single-family home sales, with the Austin-Round Rock area down 4% to 2,433 homes sold while the median home price rose 5% to $291,000. Despite the continuous rise in prices, pending sales for September increased by 9%. The month of September also yielded a small increase in total dollar sales volume to $881 million. The home inventory level for the Austin area saw an increase this month with 3 months of inventory available, indicating a sellers' market according to the National Association of REALTORS®. Check out the newest numbers from the Austin Board of REALTORS® for September:

September 2017 Austin Area Market Statistics

2,433 single-family homes were sold this September - 4% fewer than September 2016

The median price of a home increased 5% since last September to $291,000

Total dollar volume of single-family properties sold was $881 million for September 2017, up <1% from last year

Increase in the months of inventory since September 2016, settling at 3 months in September 2017

53 days spent on the market in September 2017 compared to 48 days the previous year

7,588 active listings during September 2017 - up 13% from September 2016

<1% decrease in new listings for September 2017 for a total of 2,940 listings

9% more pending sales than September 2016 with 2,462 in September 2017

Fall is officially upon us, and statistics have shown that there are plenty of homes available on the market right now. Whether you’re looking for a brand new home or an established residence in the Austin area, our innovative Austin home search is the best place to start. Our experienced agents can set up email notifications to help stay on top of the latest homes for sale in your preferred neighborhood. If you’re thinking about selling, now is a great time make your move. Our expert agents can help you price your home correctly, market it effectively, and choose the best offer for your sale. Contact us for more information about buying or selling homes in the Austin area.